International survival and development in the world arena are a complex
problem that developing countries need to handle. Although every nation may have
a specific situation, there are some primary approaches that can contribute to
their victory.
The problem of economic diversification is that poor nations typically have
their income based on a few industries or commodities. Economic diversification
- expansion into other fields like technology, tourism, or manufacturing also
helps minimize vulnerability to volatilities in global markets.
Education, health care, and skill development are necessary for the empowerment
of the people and to promote creativity. Economic growth from investment in
human capital raises productivity, increases competitiveness, and ensures
sustainability.
Trade, investment, and an ability to stimulate economic activities require
proper infrastructural development such as robust transport networks, power
supply, and telecommunication channels. Developing nations need to prioritize
infrastructure as it is essential for connectivity and also acts as a key
element in enhancing competitiveness.
A transparent and accountable governance system is vital in establishing an
enabling atmosphere for economic growth and prosperity. Strengthening
institutions as well as fighting corruption and observing the rule of law are
necessary to create trust which can bring in investments.
Trade integration can help countries open up new markets, stimulate economic
growth, and attract foreign direct investment. For developing countries, it is
important to have a trade integration strategy that will bring out maximum
benefits without causing adverse effects. One of the challenges that can be
faced is unequal power relations and protective policies.
Being receptive to innovations and unleashing the power of technology can lead
to increased productivity, facilitate entrepreneurship, and stimulate economic
growth. Among developing nations, it is advisable to focus on investing in
science and development, dissemination of digital literacy, and creating
environments supporting the creation of innovation.
Maintaining a balance between economic growth, environmental stability, and
social inclusiveness ensures sustained welfare. Less developed countries need to
embrace the ways of sustainable development, which will preserve resources,
reduce the impact of climate change, and allow people to enjoy the positive
aspects of equity and parity in society.
Based on the concept of
"Resilience and Adaptation", underdeveloped
countries are usually confronted by different challenges that include natural
calamities, economic uncertainties, and political unpredictability. While
uncertainties are inevitable in such circumstances, the development of
resilience and adaptive capacities is key in managing risk effectively and also
safety nets within society as well as contingency planning.
International organizations, development agencies, and bilateral partners are
potential allies with which developing nations should engage to receive support,
resources, and expertise. Global partnerships can be utilized by developing
countries as leverage to obtain financial support, technical assistance, and
human capacity building initiatives.
The preservation and promotion of culture and heritage can help foster a sense
of national identity, stimulate tourism, and bring economic benefits. Therefore,
to showcase their rich traditions, customs, and legends through cultural
preservation and promotion, as well as to attract tourists, developing countries
need to consider this issue.
The realm of international law and organizations is not beyond reproach and has
been accused of favouring the interests of developed countries at the expense of
the developing and underdeveloped nations. Critics point out that these
entities' structures and operations are often skewed to benefit the powerful
states - a design that only serves to perpetuate global inequalities.
One striking illustration of this favouritism can be seen in how international
laws and treaties are formulated and enforced, actions that more often than not
play into the hands of the developed world. The agreements tend to echo what
affluent nations prioritize as their needs or perspectives while turning a blind
eye to those who cannot afford such luxury.
Moreover, these enforcement mechanisms - at times toothless or applied
selectively - shield some powerful states from owning up to their transgressions
even as they punish others disproportionately.
In addition, international organizations may have the decision-making process
taken over by a few of the most influential countries, thus ignoring the
opinions and stances from the Global South. This leads to policy measures that
do not take into account the needs of developing nations or put their interests
on top priority.
The bias in international law and institutions is counterproductive: it
contradicts efforts towards global justice and equality by upholding prevailing
power disparities and impeding advancement of more disadvantaged nations.
Dealing with these biases means instituting system-wide reforms to bring about
more inclusivity, fairness and representation within the global stage.
To summarize, being able to survive and flourish in the global sphere would
require a combined strategy towards issues concerning the economy, society,
environment, and governance. Strategies for developing countries should aim at
encouraging equal growth, empowering citizens, ensuring environmental
sustainability, and strengthening their position in the world's economy. Through
investment in people in terms of infrastructure development, innovation, and
resilience, developing countries can unleash their full potential, leading to
long-term prosperity worldwide.
Written By: Md.Imran Wahab, IPS, IGP, Provisioning, West Bengal
Email:
[email protected], Ph no: 9836576565
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